$2,350,000 Price Analysis   ♡   Los Angeles, CA 90044 16 bed 12 bath 6,207 SqFt ($378/SqFt) 7,150SqFt lot. Built 2024 Listed 2024-02-09, Taxes $7,127 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This new construction green-certified QUADPLEX is located in the bustling city of Los Angeles!
Each of the four units fatures 4 bedrooms. Two of these units comprise 2.5 bathrooms each, while the other two consist of three bathrooms each, resulting in a combined total of 16 bedrooms and 11 bathrooms. Don't miss out on this extraordinary opportunity. This deal offers unparalleled luxury with high-end finishes and exceptional construction quality, all backed by an incredible 6.63% cap rate. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and top-quality fixtures. The open floor plans include a living room, dining area and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry and central HVAC. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. In addition, this opportunity also offers has a value-add component allowing the future owner to convert the two car garage into an ADU (accessory dwelling unit).
This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU could be customized to fit your specific needs and can include features such as a kitchen, bathroom and living area. This unique feature of the property offers limitless possibilities and could provide a fantastic return on investment. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants. The bus line is 250 feet away, while your nearest Starbucks is a convenient 2 miles. SoFi Stadium and the USC campus are within a 3-mile distance and the Crypto Arena is 5 miles away. Experience the advantages of earning positive cash flow, enjoying accelerated tax benefits through new construction, benefiting from low maintenance costs and witnessing appreciation in one of the most robust historical markets in Los Angeles.
Presented by Drew Dunn at
Four Brothers Real Estate.
Property MLS #OC24028496 from CRMLS
Open Floorplan
Recessed Lighting
Storage
Tandem
Unfurnished
Flooring: Wood
Window Features: Blinds, Double Pane Windows
Appliances YN: Yes
Laundry Features: Gas Dryer Hookup, Washer Hookup
Heating Features: Central
Heating: Yes
Rain Gutters
Fencing: Fence YN: Yes, Fencing: Wood, Wrought Iron
Road Frontage Type: City Street
Road Surface Type: Gravel, Paved
Lot Size Acres: 0.1641414
Lot Size Source: Assessor
Lot Size Square Feet: 7150
Parking Features: Parking YN: Yes, Parking Features: Assigned, Attached Carport, Driveway, Concrete, Driveway Level, Garage, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Gated, On Site, Private, Side by Side, Tandem Covered
Parking Total: 8
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 4
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 3
Total Bathrooms in Unit-3: 3
Unit-1 Garage Spaces: 2
Gardener Expense: 1200.00
Maintenance Expense: 1912.00
County: Los Angeles
Cap Rate: 6.63
Source Property Type: Residential Income
Inclusions: New Stainless Refrigerator, Stove and dishwashers for all units
Insurance Expense: 3104.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
New Taxes Expense: 27389.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 6013009024
Postal Code Plus 4: 6024
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $117,174 + $468,495 $585,669 | $7,127 |
| 2021 | $114,877 + $459,309 $574,186 | $7,038 |
| 2020 | $36,347 + $145,407 $181,754 | $2,386 |
| 2019 | $35,635 + $142,556 $178,191 | $2,299 |
| 2018 | $34,937 + $139,761 $174,698 | $2,207 |
| 2017 | $34,252 + $137,021 $171,273 | $2,161 |
| 2016 | $33,581 + $134,335 $167,916 | $2,104 |
| 2015 | $33,077 + $132,318 $165,395 | $2,075 |
| 2014 | $32,430 + $129,727 $162,157 | $2,091 |
| 2013 | $32,284 + $129,141 $161,425 | $2,085 |
| 2012 | $31,651 + $126,609 $158,260 | $2,110 |
| 2010 | $31,031 + $124,127 $155,158 | $2,073 |
| 2009 | $8,163 + $19,779 $27,942 | $454 |
| 2009 | $30,800 + $123,200 $154,000 | $454 |
| 2008 | $8,003 + $19,392 $27,395 | $441 |
| 2007 | $7,847 + $19,012 $26,859 | $425 |
$2,350,000
CRMLS
Listing removed 2024-05-08
$0
CRMLS
Relisted 2024-03-26
$2,350,000
CRMLS
Listing removed 2024-03-24
$0
CRMLS
Relisted 2024-03-21
$2,350,000
CRMLS
Listing removed 2024-03-20
$0
CRMLS
Price Changed 2024-03-05
$2,350,000
CRMLS
Listed 2024-02-09
$2,550,000
CRMLS
Sold 2020-04-07
$568,500
Public Record
Sold 2009-12-16
$154,000
Public Record
Year Built: 2024
Building Features: 2
Common Walls: 1 Common Wall
Construction Materials: Aluminum Siding, Concrete, Drywall Walls, Plaster, Wood Siding
Entry Level: 1
Entry Location: Ground Floor
Foundation Details: Slab
New Construction: Yes
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
House Style: Contemporary
Year Built Source: Builder
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Connected
Natural Gas Available
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.